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Waves

Weekly Analysis BTC via Ichimoku Good start to the week, We resumed our weekly analysis. Let us look at a glance at the daily chart of BINANCE:BTCUSDT with Ichimoku Kinko Hyo. We use the traditional settings. There are other indicators in the analysis. We have developed and released them Open Source. Trend: Kumo has been green for 16 days and is 1.4% wide. It is thin and looking upward. In concert the situation is bullish. Importantly, the price has crossed the Tenkan and the weekly Kumo and is now on significant price levels. The Kijun Trend indicator has been indicating since January 10 to look for long positions. Heikin-Ashi: The Heikin-Ashi confirm the bullish movement. There are many green candles without shadows below. Supports and resistances: - 25000.00 Fibonacci - 24400.00 Chikou cusps and flat zones of Kijun and Tenkan - 21200.00 Chikou cusps and flat zones of Kijun and Tenkan - 20400.00 Kijun weekly - 20200.00 Chikou cusp level or flat zones of Kijun and Tenkan - 19100.00 Fibonacci - 18400.00 Tenkan weekly For static price levels, the lower right chart plots the Tenkan, Kijun, Senkou Span A and Senkou Span B flat zones on different timeframes, and the Chikou for the daily time frame. For dynamic price levels, the Ichimoku lines can be observed: the Tenkan Sen (short term), the Kijun Sen (medium term) as well as the Senkou Span A and Senkou Span B (long term). Conclusions: The situation is bullish. The Hosoda waves indicate a bullish ABC pattern since Dec. 19, with targets at 17036.6, 19168.25, 20519.6, 21229.9, all hit by price. From a fundamental point of view, there is a lot of focus on inflation. Inflation expectations in the U.S. have fallen, and the pace of rate hikes by the FED is expected to be reduced. Consumers have confidence and it brings a rise in indexes such as the NASDAQ, weakening of the dollar and a rise in the BTC. It is important to assess the close of the week and during the week on the following price structures: - Bullish/Lateral: 21400.00-22400.00 - Bearish: 20400.00 Altcoin Cycle: For Bitcoin Dominance and Altcoin Cycle we can consider the weekly variation: - Total cryptocurrency market capital: Increased. - BTC Dominance: Increased. - Price of BTC: Increased. - Alt Cycle Expectation: Decline. Thanks for your attention, happy to support the TradingView community. Indicators used: Analysis Tool Kijun Trend Indicator Ichimoku Support and Resistance Chikou Support and Resistance
by TheSocialCryptoClub
✳️ Waves Hits Its Lowest Price Since December 2019...Once we hit bottom, the only place left to go is up... And Waves hit its lowest level in three years and the bounce that is taking place is super strong. In late December 2022 Waves went as low as 0.00007650, a level that was last seen December 2019. We are looking at Waves vs Bitcoin (WAVESBTC). Of course, this is good news... The lower it goes and the faster it drops the stronger the rebound. We can see 47% happen in the short-term. 173% and 295% can be done, it is possible, in the mid-term. Long-term, we have over 400% potential when we consider the March 2022 high. Since we have a higher low, we can expect to also see in the future a higher high. If I were to do the maths, the total potential would be a thousand percent or more... I will leave that for later this year or maybe in 2024 when the bull-market is in full force. Namaste.
WLong
by AlanSantana
EURUSD - Long Term Potential Bearish IdeaAs we can see in EURUSD on the weekly timeframe the pair still seems to be in an overall bearish trend. As we can see the pair seems to be in the creation of the fourth wave of the Elliott Wave Theory and can see potential resistance around the 1.09000 area before heading down to create the fifth and final wave of the entire move but we will have to wait for more confirmation as the market continues to build. If you would like to see updates on this idea and many more please follow and hit the like button for more!
Short
by WrightWayInvestments
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